A Demographic Perspective on Our Nation's Future (Documented by Peter A. Morrison

By Peter A. Morrison

This documented briefing describes demographic traits within the usa , considers their social and monetary implications, and displays at the demanding situations they pose for public coverage.

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Extra info for A Demographic Perspective on Our Nation's Future (Documented Briefing (Rand Corporation), Db-320-Wfhf Dlpf Rf,)

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Since then, however, the premium has risen steadily. It now hovers around 45 percent. 35 College–High School Wage Premium 55% Women 50% 45% Men 40% 35% 30% 25% 0% 1973 1976 1979 1982 1985 1988 1991 1994 1997 DB320-36 Source: Economic Policy Institute (1999). For women, the college–high school wage premium now hovers above 50 percent—and has consistently exceeded the corresponding premium for men. In short, a four-year college education (relative to a high school education) pays off in higher earnings—more than ever, and more for women than for men, even though women still earn relatively less than men do.

The college completion rate for Hispanics, however, has actually declined slightly. So in relative terms, young Hispanics are falling further behind in education attainment. In 2000, only 10 percent of Hispanics ages 25–29 held a bachelor’s degree, compared with 18 percent of blacks and 30 percent of whites. These educational attainment gaps matter for the nation’s stock of human capital. They also matter for the affected individuals. And they matter for social stability. S. blacks and Hispanics that will only worsen if remedial measures are not taken.

Johnson 2. Hernandez 3. Brown 3. Martinez 4. Jones 4. Gonzalez • • • • • • 7. Garcia 7. Johnson Source: Acxiom/DataQuick Information Systems. In Los Angeles, new home buyers most often are named Garcia, not Smith . . and Hernandez, not Johnson. 48 DB320-48 Policy Challenges Ahead • Temper competing interests in contexts of ethnic diversity • Nurture human capital for the nation’s scientific enterprise • Reduce structural impediments to individual opportunity DB320-49 In closing, let me highlight the major policy challenges that national demographic changes will pose over the coming decade.

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